SP Group plans to raise $2.7 billion; BlackRock, BofA may chip in

Shapoorji Pallonji Group is raising $2.7 billion in private credit, attracting interest from global giants like BlackRock and local firms. The fundraising, backed by an 18% stake in Tata Sons, aims to refinance high-cost debt and is linked to a potential Tata Sons IPO or settlement within 18 months.

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SP Group plans to raise $2.7 billion; BlackRock, BofA may chip in

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